In a joint announcement by Omnilab Media's Christopher Mapp and The Jim Henson Company's Lisa Henson, Australian based Omnilab Media is teaming up with The Jim Henson Company to bring the much anticipated fantasy sequel, Power of the Dark Crystal to the big screen in stereoscopic 3D. The highly anticipated sequel to Jim Henson and Frank Oz's 1982 film will be among the most ambitious projects to ever be produced in Australia. Who's directing? How about Peter Spierig and Michael Spierig, the duo behind Undead and Daybreakers. Read on for the skinny.

"Set hundreds of years after the events of the first movie when the world has once again fallen into darkness, "Power of the Dark Crystal" follows the adventures of a mysterious girl made of fire who, together with a Gelfling outcast, steals a shard of the legendary Crystal in an attempt to reignite the dying sun that exists at the center of the planet."

Power of the Dark Crystal will be produced by the Australia based production arm of Omnilab Media, Ambience Entertainment. The Jim Henson Company's executive producers are Brian Henson, Lisa Henson and Jason Lust. Omnilab Media's executive producers are Christopher Mapp, Matthew Street and David Whealy. Cinemarket Films' Peter D. Graves ("Terminator Salvation") rounds out the executive producer team.

Peter Spierig and Michael Spierig, writers and directors of "Undead" and most recently, "Daybreakers," have come aboard to direct the screenplay written by Australian Craig Pearce ("Moulin Rouge," "Strictly Ballroom," "Romeo + Juliet") based on an original script by Annette Duffy and David Odell. The legendary fantasy artist Brian Froud will reprise his role as conceptual designer of the film, which will use a stunning mix of live action and traditional puppetry combined with visual and special effects produced entirely in Australia. Omnilab-affiliated Iloura ("Where the Wild Things Are," "The Pacific," "Don't Be Afraid of the Dark") has already begun work on the film's complex CGI elements. With this team in place, next steps will be to secure worldwide distribution.

"Power of the Dark Crystal is an exciting and ambitious undertaking and, having worked on previous projects with the top-notch talent and crews that Australia offers, we know we have assembled the right team to deliver the sequel to one of the most enduringly popular titles in the Henson library. Peter Spierig and Michael Spierig are sure to create a film that will continue the legacy of the original and exceed the expectations of our loyal fans," said Lisa Henson, CEO of The Jim Henson Company. "We are especially enthusiastic to be working with Omnilab Media, a strong and growing force in worldwide film finance and production."

"We are very pleased to be producing this wonderful and fantastical film in Australia. The Power of The Dark Crystal will showcase the depth of talent Australia has to offer up on the international stage, including the extremely gifted directing team of Peter Spierig and Michael Spierig. The Jim Henson Company has consistently delivered an amazing range of entertainment over generations and is an iconic creative studio that we are proud to have partner with us," added Christopher Mapp from Omnilab Media.

Michael Spierig said, "We feel a tremendous amount of responsibility in telling this story with the same meticulous care that Jim Henson and Frank Oz gave the 1982 original." Added Peter Spierig, "This is a chance to take the world of puppetry into the modern age by using modern techniques (like motion capture CGI) and the tried and true methods (like puppetry and animatronics) to create a one hundred percent real world that is unique to 'The Dark Crystal'."

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